I have been told the above company has been approved by Fannie Mae and Freddie Mac to negotiate their short sales? Has anyone come across them yet? To work with them you have to pay 90+ dollars to join and pay them 1% of the purchase price (from our commissions) or $1500 whichever is higher! I am confused as Fannie and Freddie just said they would not discount our commission and now they sign up with these guys and say we will pay them from our commissions? I find it hard to believe? Anyone else heard of these guys?

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Yes, I have actually talked to them. They are only supposed to be involved when a seller calls the lender and says that he is having financial difficulty and what are his options. The lender then tells them that they need to list their property with a realtor, and the seller can pick that realtor, than National Quick Sale calls the realtor and the fees as listed are correct. They do the negotiating for a number of lenders, but supposedly only when a seller calls them direct.
A lot of the Banks are now pulling this stunt. The Seller is not the one that has to call them. The Banks are hiring them and YES they will demand 1% from you commission and ALSO a processing fee. Of course I was told the Processing fee is negotiable. Ya Think! It should be. It is not just Non-Owner either. I walked away from a listing because of it. Not enough money in it after they took their cut. The Bank transferred in the middle of the transaction also so I could not even list it on the MLS as Buying Agent to split the fee. At least you have a good size Listing and will make something on it. Everyone wants a part of our paycheck anymore.
Good Luck with the Transaction. I have heard they do a decent job.

Darlene Krause said:
Yes, I have actually talked to them. They are only supposed to be involved when a seller calls the lender and says that he is having financial difficulty and what are his options. The lender then tells them that they need to list their property with a realtor, and the seller can pick that realtor, than National Quick Sale calls the realtor and the fees as listed are correct. They do the negotiating for a number of lenders, but supposedly only when a seller calls them direct.
I was in a short sale, representing the buyer with Everhome and Natl Quick Sale. It took us over 10 months to get an answer, approval and response. Finally, when we needed 2 days to fund the loan.....delayed to to their non response to the listing agent and myself......my buyers walked away.
I hear it took 2 more months to get another buyer approved. My best short sale so far has been with BofA on Equator. Really.....they easiest and fastest..

Scott Loper said:
I don't have any experience with them yet, but it looks like I will very soon. One of my clients just got a letter from Everhome indicating that "National Quick Sale will be representing Everhome Mortgage Company on all short sale transactions" including the one we have been working on for the last 4 months. If anyone has any other information on (or experiences with) National Quick Sale, please share as it would be appreciated. As I get any further information, I will post it here.
Yes, I have heard of them. I have a file that the Lender wants me to upload to them. When I see how it works I will let everyone know.
Look at the Everhome group. They used to "process" short sales for them. I heard a lot of horror stories. I had an Everhome listing - but they took the processing away from this company a few days before I started my shortsale. I must say that was a relief, because Everhome was AMAZING !!!!!! I am closing tomorrow - 20 days from short sale package submission to approval. I wonder if this company is looking for business because they lost corporate business?
If you have to use them, call before signing up. They will give you a code to waive the initial fee. This is what they ded for me when I thought Everhome was going to use them. As it turns out, I didn't have to use them afterall.

Carol Muir said:
Yes, I have heard of them. I have a file that the Lender wants me to upload to them. When I see how it works I will let everyone know.
Thanks for that info. Laura. I will certainly do that.
Yeah, I've dealt with them - got them kicked out of EverHome. Worse than useless. Well, not exactly - Titanium Solutions is worse than useless, NQS is just expensive and useless.

Braindead negotiator wanted everyone to commit to something and then they would hand it to the bank. As I told the prez at EverHome, it seems that someone sold them a bag - NQS probably came in and razzle dazzled management - "We do all the work and hand you the GOOD ones with a bow on them." Well, negotiations don't go that way. I dropped the account when NQS insisted that the 2nd lien commit to.....accepting whatever NQS offered before offering it. Surprise - the 2nd didn't think that was such a good idea. Stalemate.

Months later, after I thought it was dead, it was handed back to me - that is when I contacted the prez and got it away from NQS and EverHome handled it. That is also when I asked and got that NQS had been shown the door.

Personally, their fees are repugnant even if they could negotiator reasonably. Also, probably not all that legal or acceptable to gov't investors. Let's see, Fannie Mae hires EverHome to manage the account. EverHome hires NQS to ... manage the short sale - and take a cut. A cut on top of EverHome already being paid to handle the account? On something that the gov't is already losing money for? Hmm.. seems like double-dipping in taxpayer funds, no? So, I'm guessing that a challenge in court would quickly bounce NQS from handling any gov't investors - tain't ethical..

I tried to get some reason in there - EverHome turned my call over to NQS where their management told me that they are doing it right and I'm all wrong.. Yeah, well, uh.... no... I'm not... and now they are gone... ;-)
I have heard of them, met with the owners/founders and have used them in 1 transaction. Although the platform that they use is exceptional, the delivery and execution of the negotiators left way too much to be desired for me. I found that the person I was dealing with was rude and inexperienced.
After expressing my concerns, I decided that they were not for me. I have since then sat through another one of thier presentations and found that they did listen to my concerns and made some changes. I dont know if anyone else is using them, however I have decided to go another route. As stated in another post, be sceptical of the Fannie and Freddie agreement they say because I have not been able to verify and before you work with them, talk to other agents that have used them. In my market they are pushed by title reps who know nothing of their track record, yet boast about them like they are the next Obama.
Tecnical aspect=8.5
Delivery and Execution=3
I am in the middle of a Bank United file with them. They demanded a 1% technology fee. They also screwed up our documents several times, for example they were e-mailing me for a proof of funds letter for the buyer because it was a cash deal, except we had already informed them it was a mortgage funded deal, uploaded a mortgage pre-approval and later the mortgage commitment. 1% to screw up a deal repeatedly!
I was doing some research on line and I came across this blog....I couldnt help but post my experiences with NQS. Initially I was negotiating all my short sales on my own.  National Quick Sale was highly recommended to me by a collegue so I decided to try them out. Negotiating these short sales are very time consuming. I didnt want to sit in my office all day negotiating all the files that I had...I wanted to be out in the field, doing what I love...helping buyers buy and sellers sell.
Managing one or two short sales is not that difficult but when I have 12 to manage that becomes a nightmare.  The negotiators at National Quick Sale have been great! I get emails and responses from my negotiators almost immediately. Trisa Skoglund, Christina Knopf and Mark Hollander are the main negotiators that I have worked with. There have been numerous times that I have emailed them late at night and received messages back right away.  I dont have to worry about my files or status.   I especially love the technology that NQS uses. Everything is uploaded into the system and I can see exactly what is missing on each file I upload. I can check the current status of my files and see messages posted by my negotiators and see what communication they have been having with the servicers.  When I prospect and talk to my sellers about National Quick Sale and what they have to offer and how they are pro active with the sellers as well, it helps assure that I land that short sale listing.  Most of these sellers want to make sure that not only do they get approved for the short sale but also that they are covered on every end.  It gives them more confidence when they know that their agent is backed by a reputable company and team that will negotiate for their best interest.  Most  brokerages E&O insurance doesnt cover us as agents when we are negotiating the 2nd.  That is very important to me, I dont want to be liable for anything down the road.  NQS makes sure that all the i's are dotted and the t's are crossed. 
 As far as the 1% fee to NQS...when I put the property into the MLS, I always put 2.5% to me and 2.5% to the selling agent. Giving up .5% is not that big of a deal when I see how much time I now have to go and get more short sale listings. I dont deal with the negotiating at all.  Since I have started using NQS my short sale inventory has increased. I am able to show my prospective sellers my track record of getting short sales closed in a shorter period than most other agents. 
Another bonus to working with NQS is that I receive short sale referrals from them. To me it looks like a win win situation.  I dont see any negatives to this situation but I do see many positives!!!
In California it really only applies to title escrow appraisers etc...someone who can have a real influence on the home, but if the Owner has signed a service agreement with that Company prior Then it is more of a service charge paid through escrow instead of  a referral agreement. On the flip side, anyone doing RE transactions (the short sale center) needs to be under some kind of license to be administrating Real Estate practices for another individual. If all they are doing is negotiating the process( ie document collection, negotiation and, hands off on the real estate part/drawing contracts), then unless laws have changed it isn't needed. Which is my understanding. If they have a license then all that is needed is a referral agreement to get paid.

Rosemary Brooks said:
Hi Karen I am back!
Went out and did some research on this company because I had received a call and flat turned them down. So now since reading your question, I am doing reach research. I ran up on Elizabeth Weintraub's post that was done a while back: Looking for Short Sale Agents Who Work With National Quick Sale Dot Com. I just did a re-blog on it to see if I can get other ActiveRain members that have more information on the company and their program. Check out Elizabeth's blog and maybe you will get more info on this company.

The big question is, can you pay referral fees to companies that are real estate licensed? RESPA

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